investor overview

Investor News Update

Public Company: Junior oil and gas producer: Listed on the Toronto –Venture Stock Exchange. Trading Symbol is “VUX”.

Shares Issued: 60,499,971
Fully Diluted:

86,499,971
Management/Directors
Ownership:		 Over 50%
Operational Focus: Development of light to medium gravity crude oil reserves in the Provinces of Alberta and Saskatchewan.

Core Areas - Project Summary:

Gull Lake Area, S.W. Saskatchewan

  • Operator.                                                 50% working interest.
  • 3D seismic.                                             Medium gravity crude oil.
  • Prospective for medium gravity oil and/or natural gas production from the Roseray, Cantuar and Shaunavon formations.

Pennant Area, S.W. Saskatchewan

  • Operator.                                                 100% working interest.
  • 3D seismic.                                             Medium gravity crude oil.
  • Prospective for medium gravity oil production from the Shaunavon formation.

Non-Core Areas - Project Summary:

Baxter Lake Area, Central Alberta

  • Operator.                                                 100% working interest.
  • 2D seismic
  • Prospective for heavy oil production from the Sparky formation.